Highlights:

  • Quantum Computing shares dropped 6.4% to USD 10.95, trading below 50- and 200-day moving averages.
  • Insider sales totaled ~1.14M shares in the last three months; insiders retain 19.3% ownership.
  • Analyst ratings vary, with a consensus Hold and price targets ranging from USD 16 to USD 40.

Quantum Computing Inc. (NASDAQ:QUBT) closed at USD 10.95 on Monday, after an intraday low of USD 10.92. Trading volume was around 13.94M shares, approximately 50% below the average daily volume of 27.82M shares.

Analyst Coverage
Analyst opinions on Quantum Computing are mixed. Data shows two analysts with a Buy rating, one with Hold, and one with Sell. Price targets range from USD 16 to USD 40, with a consensus target of USD 23.67.

Recent updates include Wall Street Zen adjusting the rating from Strong Sell to Hold, Weiss Ratings maintaining a Sell (d-) rating, Ascendiant Capital Markets raising its target to USD 40, and Lake Street Capital lowering its target to USD 16.

Insider Transactions
Over the last three months, insiders sold approximately 1.14M shares valued at ~USD 16.54M. CEO Yuping Huang sold 1,000,000 shares at an average price of USD 14.41. Director Javad Shabani sold 20,000 shares at USD 15.30 per share in early September. Despite these sales, insiders retain a 19.3% ownership stake.

Financial Results
In its quarterly report released on November 14, Quantum Computing reported earnings per share of (USD 0.05), in line with estimates. Revenue for the quarter was USD 0.38M, above the expected USD 0.12M.

The company develops integrated photonics and quantum computing systems, including Dirac systems, quantum random number generators (uQRNG), reservoir computing, remote sensing, and quantum authentication devices.

Institutional Ownership
Hedge funds and institutional investors hold 4.26% of Quantum Computing shares. Notable activity includes Vanguard Group increasing its holdings to 5.19M shares, valued at USD 41.53M. Other institutions, including Swiss National Bank and Caitong International Asset Management, have also acquired positions recently.